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From dividends to stock splits and rights issues, the corporate action scene is heating up with activity next week
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5 min read | Updated on September 06, 2024, 15:47 IST
SUMMARY
This week, several companies, including Vedanta Ltd, Varun Beverages Ltd, BEML Ltd, and Garden Reach Shipbuilders & Engineers Ltd, have scheduled significant corporate actions such as dividends, stock splits, and buybacks. The article includes record dates for shareholders to receive dividends and participate in share buybacks, bonus issues, and stock splits.
From dividends to stock splits and rights issues, the corporate action scene is heating up with activity this week
On Monday, September 9, 2024, the following corporate actions are scheduled:
Gujarat State Fertilizers & Chemicals Ltd will give a final dividend of ₹4 per share on the face value of ₹2 for each share on the record date of September 9, 2024.
Gujarat Gas Ltd will give a final dividend of ₹5.66 per share on the face value of ₹2 for each share on the record date of September 9, 2024.
Strides Pharma Science Ltd will give a final dividend of ₹2.5 per share on the face value of ₹10 for each share on the record date of September 9, 2024.
Waaree Renewable Technologies Ltd will pay a dividend of ₹1. According to the company filings, its book closure date is September 10, 2024, to September 16, 2024. The dividend was announced over the face value of ₹2 per share.
Franklin Industries Ltd has announced a bonus issue with a bonus ratio of 1:1, indicating that shareholders will receive one additional share for every share they hold.
On Tuesday, September 10, 2024, the following corporate actions are scheduled:
Vedanta Limited will give an interim dividend of ₹20 per share on the face value of ₹1 for each share on the record date of September 10, 2024.
Indo Cotspin Ltd has announced a bonus issue with a bonus ratio of 7:10, indicating that shareholders will receive 7 additional shares for every 10 shares they hold.
Jai Corp Ltd has announced a buyback of shares on the same record date of September 10, 2024.
AGI Greenpac Ltd will pay a dividend of ₹6. According to the company filings, its book closure date is September 12, 2024, to September 18, 2024. The dividend was announced over the face value of ₹2 per share.
On Wednesday, September 11, 2024, the following corporate actions will take place:
Andhra Paper Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.
General Insurance Corporation of India will give a final dividend of ₹10 per share on the face value of ₹5 for each share on the record date of September 11, 2024.
Finolex Industries Ltd will pay a final dividend of ₹2.5 per share on the face value of ₹2 to those who hold the shares of the company from the book closure date of September 12 to September 18, 2024
Insecticides (India) Ltd has announced a buyback of shares on the same record date of September 11, 2024.
Infibeam Avenues Ltd has announced the demerger of its business on the record date of September 11, 2024.
On Thursday, September 12, 2024, the following corporate actions will take place:
Accelerates India Ltd has announced a bonus issue with a bonus ratio of 3:5, indicating that shareholders will receive 3 additional shares for every 5 shares they hold.
Bharat Rasayan Ltd paying a final dividend of ₹1.5 per share on a face value of ₹10 turning ex-dividend on September 12, 2024. The dividend will be given to those who hold the shares from the book closure date of September 13 to September 19, 2024.
SJVN Ltd will pay a final dividend of ₹0.65 per share on a face value of ₹10 turning ex-dividend on September 12, 2024. The dividend will be given to those who hold the shares from the book closure date of September 13 to September 19, 2024.
Varun Beverages Ltd will undergo a stock split (ex-date), changing the face value from ₹5 to ₹2 per share, with a split ratio of 2:5.
On Friday, September 13, 2024, the following corporate actions will take place:
BEML Ltd will pay a final dividend of ₹15.5 per share on the face value of ₹10 to those who hold the shares of the company from the book closure date of September 14 to September 20, 2024.
Furthermore, Prataap Snacks Ltd has a record date of September 13, 2024. The company will give a dividend of ₹2 per share on the face value of ₹5.
Glenmark Pharmaceuticals Ltd will give a final dividend of ₹2.5 per share on the face value of ₹1 for each share held from their book closure start date of September 17, 2024 to September 27, 2024.
Garden Reach Shipbuilders & Engineers Ltd will give a final dividend of ₹1.44 per share on the face value of ₹10 for each share held from their book closure start date of September 14, 2024, to September 20, 2024.
HBL Power Systems Ltd will give a dividend of ₹0.5 on a face value of ₹1 for each share held on its record date of September 13, 2024.
Housing & Urban Development Corporation Ltd will give a final dividend of ₹2.65 on the face value of ₹10 for each share held on the record date of September 13, 2024.
Sportking India Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹1 per share, with a split ratio of 10:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 10 shares of ₹1 each after the split.
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